The price of tools is set by a hardware store to cover operating expenses at 40% of

Question:

The price of tools is set by a hardware store to cover operating expenses at 40% of cost, and to generate an operating profit of 25% of cost. What is the rate of markup on selling price for a rotary saw selling for $129?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 06:58 AM

See More Questions

Jill Nott defines contribution margin as the amount of profit available to cover operating expenses. Is there any truth in this definition? Discuss.
Sara Lang defines contribution margin as the amount of profit available to cover operating expenses. Is there any truth in this definition? Discuss.
Faye Dunn defines contribution margin as the amount of profit available to cover operating expenses. Is there any truth in this definition? Discuss.
Draw and name the eight isomeric alcohols with formula C5H12O.
Refer to RadioShacks financial statements in Appendix A and compute its cost of goods available for sale for the year ended December 31, 2008.
Central City reports the following balances at September 30, 2014, its fiscal year-end, using full accrual accounting: Additional information (in thousands): 1. All bonds were used to acquire capital...
RE FIN AN C IN G A M O RTG AG E. US E WO R SH E E T 5.4. Lily Nguyen purchased a condominium four years ago for $200,000, paying $1,250 per month on her $162,000, 8 percent, 25-year mortgage. The...
Five hundred kmol/h of a liquid mixture of light alcohols containing, by moles, 40% methanol (M), 35% ethanol (E), 15% isopropanol (IP), and 10% normal propanol (NP) is distilled in a sequence of two...
What term refers to the deal struck by MNEs and host governments, which change their requirements after the initial FDI entry? Obsolescing bargain O Integrative bargain O Automated bargain O Ongoing...
Andy and Jenelle, both age 69, would like to make contributions to their registered retirement savings plans (RRSPs). For the current year, Andys RRSP contribution limit is $8,000 and Jenelles RRSP...
Bath n Bedroom sets its prices to allow for overhead expenses that average 50% of unit cost and a normal profit of 30% of cost. For towel sets priced at $39.89, determine: a. The wholesale cost. b....
Just Desserts buys cheesecakes from General Bakeries at $33.60 per cheesecake. It then cuts each cheesecake into 16 slices and sells them to customers at $6.50 per slice. Calculate the rate of markup...
Write down the various power bases that you think your parents or immediate family members hold over you. In what ways do you yield to the power they exert? Or, do you resist the power they try to...
A farmer has an acre of specialty vegetables and is preparing for the summer harvest. Historically, this acre has yielded an average of 2,100 lbs of product with a standard deviation of 950 lbs. A...
Solve 3x 82+22 = (4).
(c) Compute EVPI and EVSI (in thousands of dollars). (Round your answers to one decimal place.) EVPI $ 3.6 EVSI $ 3.6 Xthousand x thousand Discuss whether the firm should consider a consulting expert...
Question 9 (1 point) If the common law requires employees of a bar establishment to monitor a potentially intoxicated patron and to possibly make an effort to intervene if there is an indication the...
B. A velocity potential is given by the equation: Q = x-y 3. (10 pts) Short answer, What special characteristics of the velocity potential make it very useful in identifying a type of flow and...
HighTech Inc. was founded by Roger Mortimer last year. The company is developing a new technology that may enhance significantly the speed of the Internet. There has been a debate in the board of...
Chapter 9 Stock Valuation at Ragan Engines Input area: Shares owned by each sibling Ragan EPS Dividend to each sibling Ragan ROE Ragan required return Blue Ribband Motors Corp. Bon Voyage Marine,...
Aconstruction company spent $180,000 during the current year on a building with a contract price of $900,000. The company estimated total construction cost at $720,000. How much construction income...
Christina has just borrowed $12,000 at 7% compounded semiannually. Since she expects to receive a $10,000 inheritance in two years when she turns 25, she has arranged with her credit union to make...
Elkford Logging's bank will fix the interest rate on a $60,000 loan at 4.2% compounded monthly for the first four-year term of an eight-year amortization period. Monthly payments are required on the...
Jean and Walter Pereira financed the addition of a swimming pool using a $24,000 home improvement loan from their bank. Monthly payments of $500 (except for a smaller, final payment) include interest...
An estimated 84 percent of enterprises now use cloud computing solutions involving multiple clouds, whereas less than 10 percent of large organizations employ just a single public cloud. Group of...
XYZ inc. was involved in a tax dispute with the national tax authority. The companys legal counsel estimates that there is a 75% likelihood that the company will lose the dispute and that the amount...
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?

The price of tools is set by a hardware store to cover operating expenses at 40% of

Question:

Step by Step Answer:

Given E 040 C P 025 C S 129 Since S C ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions